Did you or someone you know become a parent this year? If so, you should know that parents have special tax situations and benefits that may lower their tax bills and increase potential refunds. To claim parental tax breaks, your child must have a Taxpayer Identification Number (such as a Social Security number) to confirm the child’s birth. You may want to adjust your withholding to receive more of your money in your paycheck. There are several tax breaks that parents with dependents may qualify for, including the Child Tax Credit, the child and dependent care credit, the adoption credit and more. Here are additional details: https://bit.ly/3U3Lppr. Contact us with questions. © 2024